M.Sc. Banking and Finance (Specialist MSc)

  • On Campus
  • 12 months
  • GBP16650 Year (International)
  • English (IELTS accepted)
Loughborough University | Edinburgh, United Kingdom
This programme provides both basic training in preparation for higher degrees by research (MPhil or PhD), and vocational training for careers in the financial services sectors of industry and government, particularly banking and central banking.

Description of Banking and Finance (Specialist MSc)


Why study Banking and Finance at Loughborough University?

This specialist programme provides both basic training in preparation for higher degrees by research (MPhil or PhD), and vocational training for careers in the financial services sectors of industry and government, particularly banking and central banking.

It provides training in banking, finance and research methods whilst allowing continued specialisation in either microeconomics or macroeconomics. This enables you to develop sophistication in areas of economics, banking and finance that suit you best. A very wide choice of options is available.

For further details about the course visit: lboro.ac.uk/departments/sbe/pg/programmes/baf/

Detailed Course Facts

Application deadline Applications can be made at any time
Tuition fee
  • GBP 16650 Year (International)
  • GBP 8750 Year (EEA)
  • GBP 8750 Year (National)
Start date September  2015 The next intake for this course is September 28th 2015
Duration full-time 12 months
  • English
Take an IELTS test
Delivery mode On Campus
Educational variant Full-time

Course Content

Assessment is 75% examination and 25% coursework for most modules.

Semester One:

Core Modules

  • Financial Economics
  • Research Methods
  • Research Communication (two-semester module)
  • The Financial System

Optional Modules (choose one)

  • Economics of Money and Finance
  • Macroeconomic Analysis
  • Microeconomic Analysis
  • Stochastic Models in Finance
  • Introduction to Measure Theory and Martingales

Semester Two:

Core Modules

  • Asset Management and Derivatives or Corporate Finance
  • Banking and Financial Markets
  • Further Quantitative Techniques for Finance and Economics
  • Research Communication (two-semester module)

Optional Modules (choose one)

  • Applied Banking and Financial Modelling
  • Comparative Banking
  • Credit Risk Management
  • Development Finance
  • Stochastic Calculus and Theory of Stochastic Pricing

*The School reserves the right to vary the list of optional modules.

Summer Period

Students satisfy the research requirement by examined participation in research seminars. Subject to special conditions, students may submit a dissertation instead.

The core subjects and options may vary from year to year. For the latest information please check our website.

English Language Requirements

IELTS take IELTS test
CAE score
193(Grade B)

IMPORTANT NOTE: Per 6 April 2015 only the English language tests from IELTS and Trinity College London are accepted for Tier 4 Visa applications to the United Kingdom. Other tests (including TOEFL, TOEIC, Pearson, City & Guilds) are no longer accepted for Tier 4 visa applications to the United Kingdom. The university might still accept these tests to admit you to the university, but if you require a Tier 4 visa to enter the UK and begin your degree programme, these tests will not be sufficient to obtain your Visa. Since the Trinity College London language tests must be taken in one of their exam centres in the UK, IELTS is now the only language test accepted for Tier 4 visas to the UK that can be taken worldwide.

The IELTS test is most widely accepted by universities and is also accepted for Tier 4 visas to the UK- learn more.

Requirements for Banking and Finance (Specialist MSc)

Upper second class honours (2:1) degree with some economics. Modules must include macroeconomics and microeconomics. Where the UK honours degree system is not used, applicants must have studied at least 14 relevant modules (including maths, statistics, economics, banking, finance BUT NOT accounting, business or management).

English language requirement for international students

IELTS: overall 6.5 with minimum 6.0 in each component

The School will accept lower IELTS scores if you undertake the University's pre-sessional English course.

5-week course: IELTS score of 6.5 with at least 5.5 in each component

10-week course: IELTS score of 6.0 with at least 5.5 in each component

Work Experience for Banking and Finance (Specialist MSc)

No work experience is required.

More Information


Triple accredited business school (AACSB, AMBA and EQUIS)

The School of Business and Economics is one of less than 1% of business schools in the world to have achieved accreditation from all three major international accrediting bodies: The Association to Advance Collegiate Schools of Business (AACSB International), the Association of MBAs (AMBA), and EQUIS accreditation from the European Foundation for Management Development (EFMD).

For more information please visit our website.

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